Word of the Day

Commodity

Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.

What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)

So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.

Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.

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Tuesday, June 17, 2008

CORRECTING and REPLACING Advanced Medical Optics Announces Partnership with Institute for Eye Research to Develop Contact Lens Disinfectant and Cleaning Solutions

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SANTA ANA, Calif., Jun 17, 2008 (BUSINESS WIRE) ----In the release dated June 16, 2008, the URL at the end of the "About The Institute for Eye Research (IER)" section should read www.ier.org.au (sted www.ier.org).

The corrected release reads:

ADVANCED MEDICAL OPTICS ANNOUNCES PARTNERSHIP WITH INSTITUTE FOR EYE RESEARCH TO DEVELOP CONTACT LENS DISINFECTANT AND CLEANING SOLUTIONS

Advanced Medical Optics, Inc. (AMO) (NYSE: EYE), a global leader in ophthalmic surgical devices and eye care products, has announced a collaboration with the Institute for Eye Research (IER) to develop contact lens disinfectant and cleaning solutions and related products.

IER is a non-profit research organization that conducts collaborative and contract research with and for industry in the area of vision correction, eye care, the anterior eye, contact lenses, contact lens care and patient management, to avoid contact lens complications. The organization is a world leader in the in vitro and clinical evaluation of silicone hydrogel lenses and their interaction with contact lens care products using their proprietary modeling systems and databases.

"IER's world-class scientists and clinicians have had a major impact on the development of contact lenses and lens care technologies," said AMO Executive Vice President, Research and Development Leonard Borrmann. "We look forward to working closely with the IER on the development of next-generation contact lens solutions."

"Through our collaboration with AMO, we will work to develop, test and deliver, through product innovation and education, the best in contact lens care products," said IER CEO Brien Holden, PhD. "Our goal is to develop new, safer, better and more convenient initiatives in the field of contact lens cleaning and disinfection systems, including the containers for storage, cleaning and disinfection."

IER is headquartered in Sydney, Australia.

About Advanced Medical Optics (AMO)

AMO is focused on providing the full range of advanced refractive technologies and support to help eye care professionals deliver optimal vision and lifestyle experiences to patients of all ages. Products in the cataract line include monofocal intraocular lenses (IOLs), phacoemulsification systems, viscoelastics, and related products used in ocular surgery. AMO owns or has the rights to such product brands as Tecnis(R), Clariflex(R) and Sensar(R) IOLs; Sovereign(R), Sovereign(R) Compact and WhiteStar Signature(TM) phacoemulsification systems with WhiteStar(R) technology; Healon(R) viscoelastics and the Baerveldt(R) glaucoma shunt. Products in the refractive line include wavefront diagnostic devices, femtosecond lasers and associated patient interface devices; excimer laser vision correction systems and treatment cards, and refractive implants. AMO brands in the refractive business include iDesign(TM), iFS(TM), Star S4 IR(R), WaveScan Wavefront(R), Advanced CustomVue(TM), IntraLase(R), IntraLasik(R) and ReZoom(R), Tecnis(R) Multifocal and Verisyse(R) IOLs. Products in the eye care line include disinfecting solutions, enzymatic cleaners, lens rewetting drops and artificial tears. Among the eye care product brands the company possesses are COMPLETE(R), COMPLETE(R) Blink-N-Clean(R), Consept(R)F, Consept(R) 1 Step, Oxysept(R) 1 Step, UltraCare(R), Ultrazyme(R), Total Care(TM) and blink(TM) branded products. AMO is based in Santa Ana, California, and employs approximately 4,000 worldwide. The company has operations in 24 countries and markets products in approximately 60 countries. For more information, visit the company's Website at www.amo-inc.com.

About The Institute for Eye Research (IER)

The Institute for Eye Research Limited is dedicated to the proposition of "Vision excellence for all people." For more than 20 years, the Institute has collaborated with the world's leading researchers to bring innovation in vision. An Australian not-for-profit organization, IER has grown to be a major participant and supporter of research worldwide and is committed to the advancement of vision science and the provision of sustainable eye care services and education in developing communities. For more information please go to www.ier.org.au.

Forward-Looking Statements

This press release contains forward-looking statements about AMO, including statements by Dr. Borrmann and Professor Holden and statements relating to development of next-generation contact lens care products. All forward-looking statements in this press release represent AMO's judgment only as of the date of this press release. Actual results may differ from current expectations based on a number of factors, including, but not limited to, unexpected delays or costs associated with the research and development of testing standards and new formulas for contact lens care products, continued acceptance of our current products, and unexpected changes in competitive, regulatory and market conditions. Therefore, the reader is cautioned not to rely on these forward-looking statements. AMO disclaims any intent or obligation to update these forward-looking statements. Additional information concerning these and other risk factors may be found in previous press releases issued by AMO and AMO's public periodic filings with the Securities and Exchange Commission, including the discussion under the heading "Risk Factors" in AMO's 2007 Form 10-K filed in March 2008. Copies of press releases and additional information about AMO are available at www.amo-inc.com.

SOURCE: Advanced Medical Optics, Inc.

Advanced Medical Optics, Inc. Investors: Sheree Aronson,
   Corporate Vice President, Investor Relations and Corporate Communications 714-247-8290 sheree.aronson@amo-inc.com or Media:
   Steve Chesterman, Manager, Corporate Communications 714-247-8711 steve.chesterman@amo-inc.com

Copyright Business
   Wire 2008 ********************************************************************** As of Friday, 06-13-2008 23:59, the latest
   Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 05-01-2008 for EYE @ $22.25. For
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